A thought on the minds of many, with all the talk of ‘Historical low fixed mortgage rates’ and ‘rising Variable rates’. “When should I lock in my Variable rate mortgage?” … Continue Reading When should I lock in my Variable rate mortgage?
Fixed mortgage rates are sitting at around 3.89% for a 5 year closed and 2.90% for a 3 year closed. These are definitely attractive rates and are at or near … Continue Reading 3 year fixed mortgage rates under 3.00%
Now here’s a strange twist…. Read this report about a claim filed in BC that states BMO and RBC were “willfully blind” when approving mortgages for a marijuana grow-op…. The … Continue Reading Banks are not without blame in mortgage fraud.
Historical Rates Here’s an updated chart that shows Fixed and Variable mortgage rates over the past 25 years…. click here. Fixed rates drop again Seems like it was just yesterday … Continue Reading Historical Rates updated…Canada reports job losses.. Fixed rates drop
The Canadian Real Estate Association (CREA) has lowered it’s housing forecast again… they now forecast 459,600 resales in 2010..this is a 1.2% drop from 2009.. We’re also seeing signs the … Continue Reading Lower housing and condo sales in the forecast